[QUOTE=clearasmud;958786]Do your research into the effects of global warming on the sea into Petone, and the flow on effect of flooding from the Hutt river, or you could be taking a bath, in more ways than one...
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[QUOTE=clearasmud;958786]I wouldn't unless its going be your own home etc...I do keep an eye on some local property markets and with rates going higher new property investor rules etc .. I'd rather put funds in peer to peer lending side of NZ Property market get 7-10% return without all the costs and as much stresses
Thanks guys. It going to be my own home.
Getty, you got me thinking about the Hutt river flooding.
Haven't seen much in Lower Hutt that I'd want to buy lately. Seems like only the dregs being listed or overpriced new builds.
I'll have 2x new builds hitting the rental market in a month if you don't find a place to buy.
Hutt River not the problem anymore, has been tamed with a significant amount of civils in the past 10 years. Global warming/rising sea level is seen to be the issue, even if it doesn't eventuate it might be hard/expensive to insure.
Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation
https://www.cnbc.com/2022/05/24/bill...inflation.html
Aren't you a bit early? I thought you would be looking some time after 2025?
https://www.zerohedge.com/markets/da...s-gold-bitcoin
Ray Dalio doesn't help much. Cash is trash and stocks are trashier. Real Estate and gold and a speculation on BTC. In an inflationary environment a heavily mortgaged house will do OK I guess but are we just coming off the peak of a housing bubble or will inflation take care of this.
No idea, not sure why I replied except I thought you had some strong convictions around cycles and the timing of these.
Retail sales drop as cost of living rises
An economist says rising consumer prices are starting to have some effect on retail sales volumes, but the worst could be yet to come
https://www.newshub.co.nz/home/money...ing-rises.html
its starting :scared:
well rbnz super hawkish :scared: more 50s coming
there goes nzx , of course its part of the rbnz strategy as well more importantly in NZ the housing market
The RBNZ Head Seatwarmer Officially throws his Oar into mix it up higher:
https://www.stuff.co.nz/business/128...cash-rate-to-2
Reserve Bank hikes official cash rate to 2%
Who was it on here forecast Sticky times, Recession or a Crash in late 2022 ? ;)
Better start preparing a medal for that poster :)